Block 242 Hougang St 22
242 Hougang St 22, Singapore 530242
Block 242 Hougang St 22 is an HDB block in Hougang, completed in 1984, with 182 dwelling units. Across 264 resales on record, 3-Room flats have recently resold around S$380k (S$465 psf, 71 sqm). The lease has approximately 59 years remaining.
What are the key facts about Block 242 Hougang St 22?
Block 242 Hougang St 22 is an HDB block in Hougang, completed in 1984, with 182 dwelling units.
- Town
- Hougang
- Planning area
- Hougang
- Completed
- 1984
- Storeys
- 12
- Total units
- 182
- Flat model
- New Generation
- Market segment
- OCR
- Median resale
- S$380k
- Last transacted
- Feb 2025
- Remaining lease
- ≈ 59 years
What are resale prices at Block 242 Hougang St 22?
3-Room flats have recently resold around S$380k (S$465 psf), from 264 resales on record (HDB caveat data).
| Flat type | Resales | Median price | Size | PSF |
|---|---|---|---|---|
| 3-Room | 180 | S$330,000recent | 67 sqm | S$439 psf |
| 4-Room | 84 | S$359,000recent | 93 sqm | S$361 psf |
“Recent” medians use the latest transactions; for older blocks the all-time median spans 30+ years and understates today’s price. Source: HDB resale caveats, through Feb 2025.
What rent and yield does Block 242 Hougang St 22 get?
Flats at Block 242 Hougang St 22 have recently sublet for a median of S$2,500/mo, an indicative gross rental yield of about 7.9% (from 24 recent rental contracts).
Median rent
S$2,500/mo
24 recent contracts
Gross rental yield
7.9%
indicative, gross
Annual rent
S$30,000
median × 12 months
| Flat type | Contracts | Median rent |
|---|---|---|
| 3-Room | 24 | S$2,400/mo |
| 4-Room | 13 | S$3,100/mo |
HDB subletting requires the flat owner to have met the 5-year Minimum Occupation Period (MOP), so the rental sample per block is small — treat the yield as indicative. Latest contract Jun 2026. Source: HDB rental (subletting) data.
What has recently sold at Block 242 Hougang St 22?
Block 242 Hougang St 22 has 264 recorded resales; the most recent transacted at S$440,000 in Feb 2025 (HDB caveat data).
| Date | Flat type | Storey | Size | Price |
|---|---|---|---|---|
| Feb 2025 | 3-Room | 07 TO 09 | 71 sqm | S$440,000 |
| Aug 2024 | 4-Room | 10 TO 12 | 92 sqm | S$560,000 |
| Aug 2024 | 4-Room | 04 TO 06 | 93 sqm | S$503,000 |
| Mar 2024 | 3-Room | 07 TO 09 | 67 sqm | S$368,888 |
| Jul 2023 | 4-Room | 04 TO 06 | 92 sqm | S$460,000 |
| Jan 2023 | 3-Room | 01 TO 03 | 72 sqm | S$340,000 |
| Dec 2022 | 4-Room | 10 TO 12 | 92 sqm | S$455,000 |
| Dec 2022 | 3-Room | 07 TO 09 | 71 sqm | S$380,000 |
| Sept 2022 | 3-Room | 07 TO 09 | 71 sqm | S$330,000 |
| Jul 2022 | 3-Room | 10 TO 12 | 67 sqm | S$395,000 |
| Feb 2022 | 3-Room | 10 TO 12 | 67 sqm | S$315,888 |
| Feb 2022 | 3-Room | 01 TO 03 | 72 sqm | S$310,000 |
What flat types are in Block 242 Hougang St 22?
Block 242 Hougang St 22 has 182 units, mostly 3-Room flats of the New Generation model.
Unit stock by flat type, from the HDB property information dataset.
Where is Block 242 Hougang St 22?
Block 242 Hougang St 22 is an HDB block in Hougang.
Block 242 Hougang St 22 is an HDB block located along Hougang St 22. The block is recorded as completed around 1984, with up to 12 storeys. It has an estimated 182 residential units based on the HDB property information dataset. Flat types in the block include 3-room and 4-room units.
The address is Block 242 Hougang St 22, Singapore 530242. It is part of District 19, Serangoon Garden / Hougang / Punggol, the Hougang planning area. The block falls within the North-East Region and the OCR market segment.
The nearest rail connection is Kovan MRT, approximately 848m away, around 13 minutes on foot. Nearby amenities include Heartland Mall Kovan for shopping, PRIME SUPERMARKET (1996) PTE LTD for groceries, Blk 105 Hougang Ave 1 for food options, Aroozoo Ave Pg for greenery and recreation, and Aljunied Community Centre for community facilities.
How far is Block 242 Hougang St 22 from MRT and schools?
The nearest MRT/LRT to Block 242 Hougang St 22 is Kovan MRT, about 848 m away (~13 min walk). 2 schools are within 1 km, including 1 primary school.
Getting around
- Kovan MRT848 m · ~13 min
Schools nearby
Flats within 1 km of a primary school qualify for Primary 1 (P1) registration priority.
- Xinghua Primary SchoolPrimary schoolwithin 1 km · P1 priority197 m
- Yuying Secondary SchoolSecondary schoolwithin 1 km221 m
- Anderson Serangoon Junior CollegeJunior college1.0 km
- Paya Lebar Methodist Girls' School (Secondary)Secondary school1.1 km
- Holy Innocents' Primary SchoolPrimary school1.1 km
- Paya Lebar Methodist Girls' School (Primary)Primary school1.2 km
- Holy Innocents' High SchoolSecondary school1.6 km
- Montfort Junior SchoolPrimary school1.9 km
Shops, food & parks
Straight-line distances from the block. Source: PropKaki amenities data.
What does it cost to buy a flat at Block 242 Hougang St 22?
Buying a flat at Block 242 Hougang St 22 (~S$380k) needs about S$3,029/mo in income and S$1,427/mo in repayments, after S$6,000 stamp duty and a S$95k downpayment.
Illustrative, for a buyer at the recent median resale price (S$380k) — 25% downpayment (bank-loan basis), 25-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →
Buyer's Stamp Duty
S$6,000
BSD, tiered
Downpayment (25%)
S$95k
cash + CPF
Monthly instalment
S$1,427/mo
25y @ 3.5%
Income required
S$3,029/mo
MSR/TDSR @ stress rate
First-time HDB buyers pay no Additional Buyer’s Stamp Duty (ABSD) and may qualify for CPF Housing Grants of up to S$80,000+, which lower the cash required — these are not included above. An HDB concessionary loan also allows a smaller downpayment.
Wondering whether it will hold its value? See do HDB flats actually make money? →
Eyeing Block 242 Hougang St 22? Ask what it's worth.
Recent transacted prices, what's nearby, and whether an asking price is fair.
PropKakiRecent sales at Block 242 Hougang St 22 land close to the town median — fair value, no big premium.
Frequently asked questions about Block 242 Hougang St 22
How much does a 3-Room flat at Block 242 Hougang St 22 cost?⌄
3-Room flats at Block 242 Hougang St 22 have recently resold for a median of about S$380k (S$465 psf), from 264 resales on record (HDB caveats). The exact price depends on the flat type, floor and remaining lease.
What are resale prices at Block 242 Hougang St 22 by flat type?⌄
3-Room ≈ S$330k; 4-Room ≈ S$359k (median resale, HDB caveats).
Is Block 242 Hougang St 22 worth buying given its remaining lease?⌄
Block 242 Hougang St 22 has about 59 years left on its 99-year lease (completed 1984). Below ~60 years, CPF usage and the maximum loan start to taper with the buyer's age, so check financing before committing. The figure is taken from the most recent transacted flat.
What is the rental yield at Block 242 Hougang St 22?⌄
Gross rental yield at Block 242 Hougang St 22 is about 7.9%, based on a median subletting rent of about S$2,500/mo against a resale price of about S$380k. HDB subletting requires the owner to have met the 5-year MOP, so the per-block sample is small — treat this as indicative.
How much do I need to earn to buy a flat at Block 242 Hougang St 22?⌄
For a flat at about S$380k on a 25-year HDB-style loan, you'd need roughly S$3,029/mo in household income, with repayments around S$1,427/mo after a S$95k downpayment. First-timer grants of up to S$80,000+ (not included) lower the cash needed.
What is the nearest MRT to Block 242 Hougang St 22?⌄
The nearest MRT/LRT station to Block 242 Hougang St 22 is Kovan MRT, about 848 m away (~13 min walk).
Which primary schools are within 1 km of Block 242 Hougang St 22?⌄
Xinghua Primary School is within 1 km of Block 242 Hougang St 22 — flats within 1 km of a primary school qualify for Primary 1 (P1) registration priority.